The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-05-20
FINANCE and COMMERCE.
MONEY g TO 8 PER CENT, NEW
YORK EXCHANGE Is PREM.
Cotton Firm-Middling Cotton, IOie
SALES Yesterday, 200
Bales.

The local money market remain
quiet, although slight activity is beginning
to appear in the way Of demand. The sup
ply Of m ney at the b AXIS Is ample for al
business purposes now or in the future, tn,
rate being from 8 to 8 per cent. for time o.
call loans. The banks are carryir large de-
posts. have large surplus and are in III,
very best financial condition TO meet all tn,
demands of trade and render all the sccom
mediation necessary at the lowest possible
figures. Local securities are in active de-
mand, bank and insurance stocks being the
favorites. There IL also steady demand fol
Cotton Compress stock, which was quoted
yesterday on call at 1S5 bid, 1861 asked
Taxing District 4s, &C., are in demand 81
1909 bid, lOl asked; Taxing District 6s, 1867.
bid; Shelby county warrants, 80 bid, 81
asked Flippin bonds, stamped. 1907 bid.
lOl asked; unstamped, l02 bid. Among the
other stocks and bonds in demand are Citi
zens' City Railway, Memphis Gas
light, Memphis Water Company, Masonic
Temple, Cotton Exchange Building Com
pany, Memphis Grain and Elevator Company,
Menu his Brick Company and many others.
Hspeaks well for Memphis when capitalists
areinvesting their surplus in local securities
instead OF keepin their funds licked up in
ban Ks as was the custom some years ago.
The establishment of the Merchants Ex-
change stock Call Board has given wonder
ful in pc us to the movement of local stocks
and bonds. The Gales made yesterday were
30 shares Tennessee Valley Iron and Rail
way Company at lac and 5 shares of Ger
mania Insurance Company at 2i1Sc. The
local cotton market is firm; middling 1lAc,
and sales 200 bales, all to spinners. Mid
ding, good middling and middling fair yes
terday advanced &c, the lower grades re-
naming unchanged. New York spots ad-
vanced l Ice on all grades, middling lie.
Futures were quoted firm Tor this crop and
steady for the coming crop, May being 1896
Go SIS. At New Orleans spots advanced
Ice. middling. 1G3Sc, and futures advanced
lc to 4c, May being 10. 59@10.6Oc. The Liver
Fool market has also advanced, ordinary.
good ordinary, low middling and good mid.
ding having gone up I'D yesterday, viii Q
futures advanced / to 2 points, May being
4 81 Sid. The total receipts at all the ports
ye terday were only $50 bales as against 1901
bales same day last year. As we'll known
cotton factor saij: "That tells the tale.
People must make up their minds to make
what cotton they have on hand do them I'M
til the next CROP"
A leading New York c,tton circular says
Of the future market: Increased ami.
nation and another upward turn in values
characterized the market"
The bresdstuffs, provisions and otter local
markets are unchanged as to quotations, and
the no of all is steady and in sympathy
with the leading markets of the country.
which ON yesterday were shade easier.
IMPORTS.
One hundred and thirty four SKIS bran,
100 pkgs boots and shoes, 500 blu corn, 1910
SKIS cotton seed, ITO pkgs y goods, 81 pkgs
eggs, go brls -four, 220 bales hay, % pkgs
hats, hid cattle, IL hid horses and mutes,
$500 feet lumber, brls molasses, 1000
blu oats, 81 brls potatoes, 20 pkEs rice, 81
rls sugar aud 225 pkgs tobac co.
ELEVATOR REPORTS.
The following shows the amount of grain
receiv ed, withdrawn and in store by regular
elevators, as reported to the Merchants' TX
change yesterday: Wheat-in store, 4S9
bu. Corn-withdrawn, 945 bu; in st re,
2,2SS bu. 0ats-recsived, Ell bu; with
drawn. 81 bu; in store, 44i5 tu.